Craig Ferguson quits 'Late Late Show'

Craig Ferguson will step down as host of 'The Late Late Show' in December. (Source: Gage Skidmore/Wikicommons)

(RNN) - After 10 years as host, Craig Ferguson will leave The Late Late Show in December 2014.

The Scottish-born funny man made the announcement to his studio audience during a taping on Monday, according to Entertainment Weekly.

"CBS and I are not getting divorced, we are 'consciously uncoupling,' but we will still spend holidays together and share custody of the fake horse and robot skeleton, both of whom we love very much," the comedian said in a statement to EW.

The shakeup comes almost two weeks after CBS announced Stephen Colbert would take over David Letterman's hosting duties for The Late Show.

"During his 10 years as host, Craig has elevated CBS to new creative and competitive heights at 12:30," CBS chair Nina Tassler said in a statement to Entertainment Weekly. "He infused the broadcast with tremendous energy, unique comedy, insightful interviews and some of the most heartfelt monologues seen on television. Craig's versatile talents as a writer, producer, actor and comedian speak to his great days ahead. While we'll miss Craig and can't thank him enough for his contributions to both the show and the Network, we respect his decision to move on, and we look forward to celebrating his final broadcasts during the next eight months."

Ferguson received Emmy nominations for his quirky and off-beat late night show. He routinely did not prepare questions, and enjoyed guests who could hold up a conversation and talk off-point.